Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The latest update is out from Magnetite Mines Limited ( (AU:MGT) ).
Magnetite Mines Limited has updated the market on changes to its capital structure, confirming that 600,000 options with an exercise price of A$0.915, expiring on 15 December 2025 under the code MGTAM, have lapsed unexercised. The expiry of these options slightly reduces the company’s pool of potential dilutive securities and may marginally simplify its capital base, though it does not directly affect current issued shares or ongoing operations.
The most recent analyst rating on (AU:MGT) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Magnetite Mines Limited stock, see the AU:MGT Stock Forecast page.
More about Magnetite Mines Limited
Magnetite Mines Limited is an ASX-listed resources company focused on the exploration and development of magnetite iron ore projects in Australia, supplying raw materials primarily to the steel and broader industrial sectors.
Average Trading Volume: 305,692
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$10.56M
For detailed information about MGT stock, go to TipRanks’ Stock Analysis page.